AMP Lowers Home Loans 0.75 percent

AMP Banking have announced the full 0.75 percent RBA cut will be passed on to customers.

Variable Rate Loans - changes effective as detailed below

  • All variable rate loans are decreasing by 0.75% pa
  • Effective Sunday 16 November 2008 for new business
  • Effective Monday 17 November 2008 for existing business
  • Changes impact all variable rate loans and lines of credit, including Practice Finance, Adviser Register & CAPs Loans
  • All variable rate changes will be advertised in The Australian on Thursday 13 November 2008

The next Reserve Bank of Australia media release following the RBA board meeting will be,
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